Snap employees will not receive cash bonuses for the second straight year

Snap employees will not receive cash bonuses for the second straight year, according to a report by Cheddar. Instead, individual employees may receive performance-based bonuses in the form of stock options. Thursday's news caps a rough 2018 for Snap, which the saw its stock and user numbers decline.

On the same day its stock fell below $5 for the first time, a report by Cheddar on Thursday indicated that Snap employees would not receive cash bonuses for a second consecutive year. 

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